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Dec 24, 2012
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however, we didn't ask for elections. however, one year later, all economic indicators are lower than they were when we were in government. i hope common opinion will change and that this bubble, based on lies, can finally be eliminated. we are broadly aware of the data, lower gdp, a public debt of over 2 billion euros. and youth unemployment is at 36%. what's wror, residential construction fell 54%. property transfer down 27%. our automotive sector regressed to weight was 24 years ago. we are selling now 1.4 million cars. the nautical industry disappeared. advertising has hurt the media. as we know, advertise sg a barometer of our economy. the achievement of a technical government, nobody can go against fact bass, as you know, the figures speak for themselves. >> more rain is expected in southwest england raising the risk of renewed floods in areas that have been hit by heavy downpours over the weekend. in scotland, there are 23 flood warnings in place. joining us on the phone is helen shivas. we've seen the flood warnin
however, we didn't ask for elections. however, one year later, all economic indicators are lower than they were when we were in government. i hope common opinion will change and that this bubble, based on lies, can finally be eliminated. we are broadly aware of the data, lower gdp, a public debt of over 2 billion euros. and youth unemployment is at 36%. what's wror, residential construction fell 54%. property transfer down 27%. our automotive sector regressed to weight was 24 years ago. we are...
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Dec 26, 2012
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we elected to you lead, not to follow the hard left or hard right. govern from the middle and lead. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> a huge storm spanning frlgts midwest to the east coast is dumping plenty of snow and rain across the nation. dr. greg postell from the weather channel has more on exactly what's going on. over to you. >> thanks, the snow storm is beginning to wind down
we elected to you lead, not to follow the hard left or hard right. govern from the middle and lead. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq,...
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Dec 22, 2012
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we have been worried that since the election the politicians won't rise above partisanship and come to an agreement. we at cnbc have taken an historic position. get a deal done for the good of the country. what faces us is worrisome. nation could see 2 million jobs loss. slashing of unemployment benefits when you are laying people out. dramatic increases in taxes for everyone. including those who are just scrimping by. these are draconian and reckless and these changes will produce a government pan dated calamity. it was only agreed to because it was never meant to be enacted. it was just a fail safe. it's not working right now. it's brutal and wrong headed as it might particularly be, let's just say at this particular moment as the president closed tonight, it said things are just getting better. it's the worst mistake. there's just too much hatred between the two parties to head it off. put simply, sometimes i think they would rather throw us back into recession than to portray their principle business compromising. the only way these politicians know how to save the nation's village
we have been worried that since the election the politicians won't rise above partisanship and come to an agreement. we at cnbc have taken an historic position. get a deal done for the good of the country. what faces us is worrisome. nation could see 2 million jobs loss. slashing of unemployment benefits when you are laying people out. dramatic increases in taxes for everyone. including those who are just scrimping by. these are draconian and reckless and these changes will produce a government...
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Dec 27, 2012
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obama was elected with a surplus of about 3 million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented to him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself, but, again, i guess with the dysfunctional republican caucus in the house even the speaker can't tell what he's going to do because he backed off even his own proposal. mr. president, the house, we hear this so often, is controlled by the reap warnings and we acknowledge that. i would be most happy to move forward on something that senator mcconnell said they wouldn't filibuster over here that he would support and that boehner would support, if it were reasonable, but right now we haven't heard anything. i don't know, and it's none of my business, i guess, although i am very serious, if the speaker and the majority leader, the republican leader over here are even talking. i mean, what's going on here? mr. president, you can't legislate with y
obama was elected with a surplus of about 3 million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented to him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself, but, again, i guess with the dysfunctional republican caucus in the house even the speaker can't tell what he's going to do because he backed off even his own proposal. mr....
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Dec 27, 2012
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before the election. excuse me. >> yes. >> fiscal cliff week after the election. 75%. >> yes. >> it was on everybody's mind. >> great. thank you so much. >> thank you so much. >> i want to shop for a living, too. >> please. >> come join us thanks to mary. all right. so not a banner year for retail. we have fiscal cliff and debt ceiling fears. that's driving that. how do you invest now? we are about to ask a top money manager. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours. well, if itmr. margin?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question
before the election. excuse me. >> yes. >> fiscal cliff week after the election. 75%. >> yes. >> it was on everybody's mind. >> great. thank you so much. >> thank you so much. >> i want to shop for a living, too. >> please. >> come join us thanks to mary. all right. so not a banner year for retail. we have fiscal cliff and debt ceiling fears. that's driving that. how do you invest now? we are about to ask a top money manager. [ male...
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Dec 27, 2012
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i think a lot of that was due to the election during the 2012 campaign. obama didn't want be to go fully against fracking. lisa jackson's fully against fracking, against coal. so we're going to see the obama administration programs move towards the center. lisa jackson comes in in 2009. democrats control the house and senate. she's pushing for a lot of things. republicans are always pushing back on the epa. it's not as big a position as it was when she came in. >> bottom line, do you think the environment is better off for her legacy? do you think she's done more good than harm? >> in terms of the markets and looking at her tenure, you can say it was tumultuous. she was under investigation for how she used her internal e-mail. the one success she did have from a democratic perspective, she improved fuel efficiency standards. that's probably her main legacy as well as the lost cause perhaps on climate change. >>> robert, thank you very much, buddy. you have a happy new year. appreciate it. >> thank you. >>> some of you have gotten this right on twitter. he
i think a lot of that was due to the election during the 2012 campaign. obama didn't want be to go fully against fracking. lisa jackson's fully against fracking, against coal. so we're going to see the obama administration programs move towards the center. lisa jackson comes in in 2009. democrats control the house and senate. she's pushing for a lot of things. republicans are always pushing back on the epa. it's not as big a position as it was when she came in. >> bottom line, do you...
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Dec 26, 2012
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that is something that would be a risk on the speaker's part as he faces a re-election by the house of representatives to the speakership in early january, but we'll see whether if it comes to that, whether he's willing to do it. 8. >> john, thank you very much. >>> as we edge ever closer to our impending fiscal doom, we will look more closely how the markets are reacting and what is yet to come. joining us now, michael farr in washington, and also peter schear. great to have you both with us. thanks for coming back from various holidays. michael, this is not an economic crisis. this is not a market crisis. this feels like a political crisis. do you blame our leaders for failing to get their act together over this? >> mandy, it is a profound failure of leadership once again from washington. i mean, we have been facing this profligate spending for a long time. over the last four years it's been $5 trillion more than we've brought in in receipts. just think about that in terms of your own household if you spent 11%, 12% more than you brought in in your annual receipts. it doesn't work lo
that is something that would be a risk on the speaker's part as he faces a re-election by the house of representatives to the speakership in early january, but we'll see whether if it comes to that, whether he's willing to do it. 8. >> john, thank you very much. >>> as we edge ever closer to our impending fiscal doom, we will look more closely how the markets are reacting and what is yet to come. joining us now, michael farr in washington, and also peter schear. great to have you...
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Dec 24, 2012
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it is just -- we talk about elected leaders to make decisions, to build confidence. not just for the individual consumer but for corporations. i mean, my gosh. this is why we elected people. we should not be in this situation. >> no leadership. from an executive standpoint, how are you going to deal with that? there is a story out there today that it is too late for employers to withhold the proper amount of income taxes for 2012 levels because the irs hasn't released the 2013 table. so as an employer, what are you going to do in terms of taking income taxes out of your employee's paychecks. >> we're not changing the level -- >> you're sticking to 2012 levels? >> we are. i'm hopeful there will be some decision bit end of the year. but if anything it is small decision, bigger decisions will have to be made in 2013. that's again what is so disappointing. by the way, there is also this issue with supplemental appropriations going through with superstorm sandy. $64 bill worthion worth of aid. after ska trina this was approved by the house. we are looking for this before
it is just -- we talk about elected leaders to make decisions, to build confidence. not just for the individual consumer but for corporations. i mean, my gosh. this is why we elected people. we should not be in this situation. >> no leadership. from an executive standpoint, how are you going to deal with that? there is a story out there today that it is too late for employers to withhold the proper amount of income taxes for 2012 levels because the irs hasn't released the 2013 table. so...
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Dec 27, 2012
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we really need our elected officials to figure this out, keep our economy growing and gives us some certainty about the future so we can make our plans as business leaders. we're all having such a great year in the gulf, we've decided to put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that's florida. say louisiana or there's no dessert. brought to you by bp and all of us who call the gulf home. >>> welcome back. the dow jones industrial still down below 13,000. we're concerned about absolutely going over the fiscal cliff on monday. the nasdaq down 28 points. cisco systems is down nearly 2% as is bank of america down nearly 2%. look at that. reapproaching $12. that was one of the biggest winners of 2012 thus far. tyler? >> you know, michelle, airline stocks are up 20% so far this year cl
we really need our elected officials to figure this out, keep our economy growing and gives us some certainty about the future so we can make our plans as business leaders. we're all having such a great year in the gulf, we've decided to put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing...
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Dec 27, 2012
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all of general dynamics move lately, melissa, has come since the election. so, this would be the one that i would play of that group. >> okay, jane? >> thanks, jane. >> finally a smackdown between writer dan lions and mark zuckerberg that randi zuckerberg said it wasn't cool that someone retweeted her photo. lion s ripped into her. how awful this might have been, how invasive. how terrible that someone might take something that belongs to you and use it in ways that you had not only anticipated and for which you had not given explicit permission! ouch. >> little pot calling the kettle black there. good for him. >> to me, he's like taylor swift, dan lions. i would never want to break up with him because he would probably annihilate you. >> how could this not be your favorite story of the day? >> it's a great story. juicy on all levels. >> what does it mean for the stock? >> yeah. >> it means nothing. >> maybe it doesn't mean anything for the stock. >> oh, boo-hoo. >> ultra regulate facebook at some point with the privacy stuff. maybe. >> maybe zucker berks go
all of general dynamics move lately, melissa, has come since the election. so, this would be the one that i would play of that group. >> okay, jane? >> thanks, jane. >> finally a smackdown between writer dan lions and mark zuckerberg that randi zuckerberg said it wasn't cool that someone retweeted her photo. lion s ripped into her. how awful this might have been, how invasive. how terrible that someone might take something that belongs to you and use it in ways that you had...
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Dec 24, 2012
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elections have consequences. i won. it's not a nice tack to the center where i'm going to govern for all of you. are you coming back? >> i'm going to. >> the jacket is coming off, though, right? >> christmas eve and i'm celebrating. as you know, we had the tree going this weekend with the lights on. >> that's so nice. there's one other thing i sought on that thing over the weekend that you brought us that i was going do -- oh,no. did you see mitt romney did not want to run? >> i saw that. that was in the boston globe. that was a great piece worth reading. then he found out how bad things were going on his ipad. >> yeah. but maybe he didn't want to run because there were times i really kind of thought it looked like he didn't want to run. >> yeah, but towards the end, i thought he did. >> he tried hard. thanks. >> okay. >> come over here. >>> in other news, a dock worker strike on the atlantic and coast could be just days away. port operators have been negotiating with the long shoreman association since march. but the t
elections have consequences. i won. it's not a nice tack to the center where i'm going to govern for all of you. are you coming back? >> i'm going to. >> the jacket is coming off, though, right? >> christmas eve and i'm celebrating. as you know, we had the tree going this weekend with the lights on. >> that's so nice. there's one other thing i sought on that thing over the weekend that you brought us that i was going do -- oh,no. did you see mitt romney did not want to...
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Dec 28, 2012
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won the election. therefore the 2% tax is a fait accompli. did may not read the exit polls, "a"? but "b," even more importantly, you know, the people that are giving them a hard time were duly elected, as well. honestly, what a bunch of knuckleheads. >> i know but you wonder why nothing's been done, because all they had to do was wait for january 1st. i'm going to play the geithner tape again when he sort of, you know, it kind of slipped where he said oh, yeah, we're ready to go. we're so ready to go over, and then they get -- >> no, he didn't slip. you know, somebody pulled the string and he said it. >> all right. coming up, is it too late to avoid the fiscal cliff or is there still hope for this 11th hour deal? we're going to ask democratic congressman jim mcdermott. >> are you suffering from market fatigue? do you feel confused and out of touch with today's markets? you may be suffering from a serious condition known as information deficit disorder. >> and it may be related to an imbalance of natura
won the election. therefore the 2% tax is a fait accompli. did may not read the exit polls, "a"? but "b," even more importantly, you know, the people that are giving them a hard time were duly elected, as well. honestly, what a bunch of knuckleheads. >> i know but you wonder why nothing's been done, because all they had to do was wait for january 1st. i'm going to play the geithner tape again when he sort of, you know, it kind of slipped where he said oh, yeah, we're...
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Dec 27, 2012
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in 2010 and then re-elected, a lot of them did get re-elected, and supposedly don't care if they get re-elected again, would you use the debt eagle? once we go through this and the cliff is no longer, would you play hardball with the debt ceiling knowing that you're going to be blamed for that and lose your seat in 2014? >> it would depend on the promises that i made to get elected. what we have is a roomful of people who made promises that probably can't be kept. and they're worried about going home, and giving a speech in a high school auditorium and having somebody stand up in the back and say, hey, you said you wouldn't raise taxes under any circumstances. so that's an impossible promise to keep in today's world. >> you think it still works, though, if this all happens in january? >> sure. >> you think that then they can say they kept the promise? >> sure. i mean, look -- >> you don't think the public sees through that? >> i wish i 0 could say that i thought the public sees through. listen, the market doesn't seem to be too bothered by the fact that it seems at this point to be i
in 2010 and then re-elected, a lot of them did get re-elected, and supposedly don't care if they get re-elected again, would you use the debt eagle? once we go through this and the cliff is no longer, would you play hardball with the debt ceiling knowing that you're going to be blamed for that and lose your seat in 2014? >> it would depend on the promises that i made to get elected. what we have is a roomful of people who made promises that probably can't be kept. and they're worried...
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if merkel gets re-elected, she will be a major outlier. the general rule of thumb for almost all politician, you never survive a debt crisis. germany doesn't have a debt crisis, the rest of europe. she may survive compared to every other government. >> it will be fascinating to see if she wins how her policy changes with less political risk. >> once you don't have to battle the god of re-election, everything changes. >> as we have seen in this country. >>> a winter storm slamming the east coast and impacting the northeast, after the break. >>> the latest place banks are turning to in the hunt for yield. am [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more
if merkel gets re-elected, she will be a major outlier. the general rule of thumb for almost all politician, you never survive a debt crisis. germany doesn't have a debt crisis, the rest of europe. she may survive compared to every other government. >> it will be fascinating to see if she wins how her policy changes with less political risk. >> once you don't have to battle the god of re-election, everything changes. >> as we have seen in this country. >>> a winter...
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Dec 26, 2012
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not about the election. the election is over. it's about spending cuts, really what 2010 was about. i think that's where the negotiations go in the next couple of days. >> you think about the polling and how this polls and issues david was talking about and common ground and who gets blame going over the fiscal cliff, how do you see it? >> i think that's the wrong question to ask. we're not in a political season. we either need the country to function or we don't. >> we will be. in 12 months from now, we'll be right back it an again. whatever happens over the next three weeks will be part of some campaign 12 months from now. >> i would rather worry about principle than politics and the republican party has very few principles left. one not to raise tax and the other extract serious spending cuts. you have a bunch of democrats we lost the whole point, you have the democratic party for 10 years, they have been willing to go for tax cuts and they voted for that. >> that's factually wrong. in any time you have an individual -- they didn't vote for tax cuts under bush and your president
not about the election. the election is over. it's about spending cuts, really what 2010 was about. i think that's where the negotiations go in the next couple of days. >> you think about the polling and how this polls and issues david was talking about and common ground and who gets blame going over the fiscal cliff, how do you see it? >> i think that's the wrong question to ask. we're not in a political season. we either need the country to function or we don't. >> we will...
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Dec 26, 2012
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and since election day, the markets have been fighting worries over the fiscal cliff. in the meantime, we'll take a short break. back in a minute. >>> we are glad to welcome back simon hobbs to the program. he's going to tell us what's coming up at 10:00. >> always good to be back, carl. welcome, everybody. we're going to talk particularly about retail. do we have a problem in retail, and what exactly is it. the ceo of the national retail federation will join us live. we're going to break down specifically whether it's the sandy effect or luxury goods effect. one you might want to sell on. the other thing we talk about is house prices. clearly this morning up over 4% year over year, in the top 20 cities. when will the jobs come back in construction. will that be the major theme for 2013. back to you. >> simon, see you in a couple. the dating scene is hitting a fiscal cliff of its own. an article in the noew york tims may not matter if your credit score is less than attractive. the "times" interviewed more than 50 daters around the u.s. all under 40 years old. what is t
and since election day, the markets have been fighting worries over the fiscal cliff. in the meantime, we'll take a short break. back in a minute. >>> we are glad to welcome back simon hobbs to the program. he's going to tell us what's coming up at 10:00. >> always good to be back, carl. welcome, everybody. we're going to talk particularly about retail. do we have a problem in retail, and what exactly is it. the ceo of the national retail federation will join us live. we're going...
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Dec 28, 2012
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and a lot of them say, eamon, i've been elected to be a check on the president and that's what a lot of this is about. >> right. this is deeply held, fundamental belief on both sides and there's a huge chasm between the two sides on these issues. and somebody's going to be a loser here if there's a deal. somebody's going to be perceived as having gotten rolled and neither side wants to be the party who got rolled here. i think both sides are looking at if fiscal cliff right now and saying, well, we could go over this thing. it wouldn't be the end of the world and that's a very different view in washington than it is on wall street. i can tell you that. >> eamon, thanks. i know you've got a long day ahead, a long afternoon as well. eamon javers in washington. >> isn't it unbelievable. you have this huge, looming problem, i'll wait until later this afternoon to deal with it. >> and the whole sequester was a way to deal with this later. and corker, i think, on some of the morning shows this morning, senator corker said the worst case today would be to set up another later deadline that
and a lot of them say, eamon, i've been elected to be a check on the president and that's what a lot of this is about. >> right. this is deeply held, fundamental belief on both sides and there's a huge chasm between the two sides on these issues. and somebody's going to be a loser here if there's a deal. somebody's going to be perceived as having gotten rolled and neither side wants to be the party who got rolled here. i think both sides are looking at if fiscal cliff right now and...
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Dec 24, 2012
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no election. i don't want that process. i don't want the feeling of rejection but i'd like to continue in this path. italy has to make a decision and i think the big money will line up behind him. we see the reactions when berlusconi was on the rise for those two days the bond market got trashed again in italy and he's been out there talking this morning anyway. >> switching gears to another country that has had a boatload of governments in the last six years let's look at japan, boy, there's a lot of wild things going on over there. >> you know what we saw last night or over the weekend. when the prime minister this week, well, he basically put the gun to the head of the boj and said i want a 2% inflation target. right now they have a 1% inflation target. he wants to double it and basically create as much money as they need to get to that level. just like the fed. is it 2? is it 2 1/2? 3? the bank of england has a 2% target, too. but they've been over that for years and there's always an excuse. but as we know, and as merv
no election. i don't want that process. i don't want the feeling of rejection but i'd like to continue in this path. italy has to make a decision and i think the big money will line up behind him. we see the reactions when berlusconi was on the rise for those two days the bond market got trashed again in italy and he's been out there talking this morning anyway. >> switching gears to another country that has had a boatload of governments in the last six years let's look at japan, boy,...